Alliance Resource Partners (ARLP) Tops Q4 EPS by 19c, Revenues Beat

Alliance Resource Partners (NASDAQ: ARLP) reported Q4 EPS of $0.27, $0.19 better than the analyst estimate of $0.08. Revenue for the quarter came in at $366.51 million versus the consensus estimate of $363.6 million.

“I am extremely proud of ARLP’s performance and accomplishments during the unprecedented turmoil we experienced in 2020,” said Joseph W. Craft III, Chairman, President and Chief Executive Officer. “Amid the uncertainties created by the COVID-19 pandemic, ARLP’s operating teams performed heroically to ensure that our essential coal production remained available to our customers to protect the reliability of the life-sustaining, critical infrastructure of the electric grid supporting the communities we serve. Our coal operations demonstrated their flexibility and resiliency by adjusting production in response to rapidly changing circumstances, all while implementing enhanced health and safety protocols designed to mitigate the impact of the virus. Despite the disruptions encountered during the year, through their decisive actions our coal mining operations delivered the best safety results in ARLP’s history.”

Mr. Craft added, “Throughout the year, the entire Alliance organization remained laser-focused on protecting our financial position and liquidity by optimizing cash flow, reducing debt and working capital and controlling capital expenditures and expenses, which yielded impressive results. During 2020, ARLP –

• Reduced capital expenditures by 60.4% or $184.8 million
• Reduced operating expenses by 27.2% or $322.4 million
• Reduced G&A expense by 18.1% or $13.2 million
• Reduced total debt and finance lease obligations by 24.9% or $197.1 million
• Reduced working capital by 23.0% or $31.6 million
• Generated $279.5 million of free cash flow, an increase of 33.7%
• Increased liquidity by 80.7% or $219.9 million

The sacrifices and tireless efforts of our employees kept ARLP strong during the uncertainties of 2020 and have us well positioned entering 2021.”

For earnings history and earnings-related data on Alliance Resource Partners (ARLP) click here.

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